https://www.taxtmi.com/caselaws?id=204884 The Tribunal partly allowed the appeal, setting aside the disallowance under section 14A for reconsideration based on a recent judgment emphasizing a reasonable basis for disallowance. The claim for rebate under section 88E was rejected as there was no income tax liability on the transactions subject to Securities Transaction Tax, leading to the failure of this ground in the appeal. The judgment provided a detailed analysis of legal provisions and relevant case law to support these decisions. en-us Thu, 30 Sep 2010 00:00:00 +0530 Mon, 08 Jul 2013 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204884 The Tribunal partly allowed the appeal, setting aside the disallowance under section 14A for reconsideration based on a recent judgment emphasizing a reasonable basis for disallowance. The claim for rebate under section 88E was rejected as there was no income tax liability on the transactions subject to Securities Transaction Tax, leading to the failure of this ground in the appeal. The judgment provided a detailed analysis of legal provisions and relevant case law to support these decisions. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204884